Top 5 stocks of the day: IndusInd Bank, HDFC Life, Power Grid, Tata Motors, and BPCL were the top Nifty 50 gainers; UPL, Dr Reddy, Infosys, Hindalco, and Sun Pharma were the top losers. Despite poor global indications, domestic indices closed Wednesday’s session in the green. The BSE Sensex increased 178.87 points or 0.29% to 61,940.2, while the NSE Nifty 50 increased 49.15% or 0.27% to 18,315.1. Nifty PSU Bank fell 42.5 points or 1.06% to 3,959.3 while Bank Nifty rose 132.9 points or 0.31% to 43,331.05 in the sectoral indices.
Bank Nifty climbs 150 pts
To reach 43,350.25, Bank Nifty increased by 152.1 points, or 0.35%. IndusInd Bank, Bandhan Bank, Federal Bank, HDFC Bank, and Bank of Bank of Baroda were the biggest gainers on the index, while PNB, AU Bank, IDFC First Bank, and State Bank of India were the top losers.
NSE Top Sectoral Losers
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| PNB | 48.4 | -3.68 | 77215291 |
| Indian Bank | 286.8 | -3.35 | 2397010 |
| Union Bank | 70.25 | -2.57 | 10492589 |
| Central Bank | 26.75 | -2.37 | 6805537 |
| IOB | 24.35 | -2.21 | 6562984 |
| Punjab & Sind | 31.3 | -2.03 | 3142099 |
| UCO Bank | 27.1 | -1.45 | 14491266 |
| Bank of India | 78 | -1.33 | 7595869 |
| Bank of Mah | 29.85 | -1.32 | 8810877 |
| Canara Bank | 300 | -0.94 | 12388150 |
Top 5 stocks of the day: Weaker-than-expected earnings drags UPL down for second day, worst hit in Nifty 50
UPL stock fell for a second session as a result of the company’s weaker-than-expected fourth-quarter earnings, which were disclosed on Monday. The stock has currently lost about 5% over the course of two sessions.
The fourth quarter of FY22-23 saw weaker-than-expected earnings from agri-input company UPL Ltd. A one-time loss, poor operational metrics, and slower-than-expected development in the Latin American market were the main factors holding back the company’s headline financial results.
The company’s combined net profit for the months of January through March decreased by 43% from the prior year to Rs 792 crore. However, UPL’s revenue increased by 4% to Rs 16,569 crore in the fourth quarter of FY22-23.
Disclaimer: (This piece of information is purely informational. It is important to note that offers, discounts, and/ or any other scheme/ information/ statistics must be personally verified by the readers from the respective sources. Readers are advised to invest or purchase solely at their own risk. DNP News Network Private Limited, website or the writer doesn’t validate the offers in any context. We will not be liable for any financial or other losses.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.